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Please Save The Fraudsters!

Last week you saw a photo floating around in the news, picturing President Obama on the Whitehouse lawn with three unemployed persons, demanding that Congress spend more of our hard-earned tax dollars to extend unemployment benefits. 

Well, I am here and happy to inform you that our President, forever clueless and supportive of a nanny state, forgot to mention that one of these people was a convicted criminal that is currently serving her sentence. Leslie Macko, pictured here, was once employed at ACAC Fitness and Wellness Center in Charlottesville, Virginia. But poor unemployed Macko lost her job in April 2009, a month after being found guilty of prescription drug fraud. But that wasn’t her first time at bat with the criminal court system. 

In June of 2007, Macko was charged with grand larceny. The charge was reduced in court to petit larceny, and she was sentenced to two years probation. Kind of hard to hold down a job when you keep stealing from people, isn’t it?

The following was submitted by Kevin Crosby. He is a software engineer, conservative, and independent contributor to ScottFactor.com. His opinions do not necessarily reflect those of the administration of ScottFactor.com. He can be reached at kevin@etherminc.com.

Last Thursday the stock market (DJI) took a thousand point bowel movement. As this started to unfold, I was doing some research on a new stock prospect and I happened to glance at one of my open browsers with streaming quotes and I saw that the market was down 638 points. I was thinking to myself that this couldn’t be correct so I opened up a new window and rechecked to see if it was a fault on the first web page. What I saw was that the Dow was now down 990 points. That bowel movement could best be described as something an elephant, suffering from a very bad case of the trots, left in the parking lot at the local circus! Hard to imagine an elephant trotting but you get the drift.

I immediately turned on the TV to one of the financial channels to watch the insuring pandemonium. To say the least, it was very entertaining. There was lots of hollering, screaming, and general hand wringing. The one thing that I found interesting about all that was the fact that everyone was saying they had no idea why it was happening. Then someone brought up the theory of a fat fingered trader made a mistake and entered too many zeros when executing a trade and the high velocity computer trading platforms reacted to that. I heard someone else comment that this was highly unlikely as most software used for trading was sophisticated enough that it would be difficult to make that kind of mistake and also if that were the case we would know by now, 70 minutes into this crisis, who it was that made that mistake.

Well guess what. We still don’t know how or why this happened. The article below indicates that the exchange chiefs are also set to face Congressional hearings on Tuesday. Well that ought to be enlightening, don’t you think. We have the crafty talking with the stupid and stupid is in charge. And get this; crafty is bringing the dogs and the ponies. Boy I wish I could sell popcorn at that event. Well a guy would be busier than a one-armed paperhanger with a case of the hives. Lordy! Lordy!

Here is my take on this. Someone or some entity did something to make this event occur. To protect the guilty we may never know who that was or what entity caused it to happen. After all the years that I have spent working on large computers and database management applications, I guarantee that the facts of what happened are very well known to a few that have access to the database that holds the trading data for that day. If it was Joe blow over at acme stock services that made a mistake when executing a trade, than we would all know that by now as this is an issue of trust that must be protected at all costs. Investors must have trust that the system is secure. If that is found out not to be true then I would expect there will be a lot of investors running for the doors with me leading the pack.

I also find it very interesting that at the same time this was happening the house and senate are concocting a big financial over haul bill up at the capitol. Now it may just be my lack of good judgment, but it occurs to me that 98% of the members of congress don’t have the smarts it would take to balance a check book let alone craft a bill with this complexity. I don’t know if you remember this, but these toads used to have their own bank up there at the capitol and it went broke and had to be closed. The voters of this country have done a real bang up job so far, haven’t they?

I see the stock market is up about 350 points so far. It’s being reported that it’s up because of the reported bail out of Greece. Well it’s been reported every day for the last 3 weeks that Greece was being bailed out and at the end of the day Greece wasn’t bailed out and we were still waiting for a plan. Well its being reported that now we have a plan that includes about $10 billion dollars of the US taxpayer’s money being flushed down the toilet known as Europe. The way I see it is that we the taxpayers have just been put on the hook to participate monetarily in the bail out of the next European country that fails. I would think that would drive the markets down $350 not up. This leads me to believe that all those people that control the stock market are on the same plain of those noodles I mentioned earlier that control our government.

One last thing, why should I care if those socialistic countries over in Europe fail? Albeit, the financial impact could be dire, but if they do fail maybe the rest of the world will wake up and see proof positive that their form of government doesn’t work. Maybe they could start all over again and attempt to create something that does work. Hell, they could even use our constitution now that we aren’t using it anymore.

The Obama administration is predicting the federal government workforce to grow to 2.15 million employees this year. This will be the largest federal workforce in history.

Does his coincide with Obama’s promise of lessening the federal deficit? How do we spend less money if we keep hiring more people?